BRITISH COLUMBIA HYDRO AND POWER AUTHORITY
financial-information-act-return-march-31-2016
financial-information-act-return-march-31-2016
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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS<br />
FOR THE YEARS ENDED MARCH 31, 2016 <strong>AND</strong> 2015<br />
British Columbia Hydro and Power Authority<br />
liabilities and expenses incurred jointly with third parties and any revenue from the sale or use of its<br />
share of the output in relation to the assets.<br />
(t) New Standards and Interpretations Not Yet Adopted<br />
A number of new standards, and amendments to standards and interpretations, are not yet effective for<br />
the year ended March 31, 2016, and have not been applied in preparing these consolidated financial<br />
statements. In particular, the following new and amended standards become effective for the<br />
Company’s annual periods beginning on or after the dates noted below:<br />
Amendments to IFRS 10, Consolidated Financial Statements (April 1, 2016)<br />
Amendments to IFRS 11, Joint Arrangements (April 1, 2016)<br />
Amendments to IFRS 12, Disclosure of Interests in Other Entities (April 1, 2016)<br />
Amendments to IAS 1, Presentation of Financial Statements (April 1, 2016)<br />
Amendments to IAS 16, Property, Plant and Equipment (April 1, 2016)<br />
Amendments to IAS 38, Intangible Assets (April 1, 2016)<br />
Amendments to IAS 7, Statement of Cash Flows (April 1, 2017)<br />
IFRS 9, Financial Instruments (April 1, 2018)<br />
IFRS 15, Revenue From Contracts With Customers (April 1, 2018)<br />
IFRS 16, Leases (April 1, 2019)<br />
The Company does not have any plans to early adopt any of the new or amended standards. It is expected<br />
that the standards effective for the Company’s 2017 fiscal year will not have a material effect on the<br />
consolidated financial statements. The Company continues to assess the impact of adopting standards that<br />
become effective for the Company’s fiscal years commencing April 1, 2017 and later.<br />
IFRS 14, Regulatory Deferral Accounts, effective for fiscal years beginning on or after January 1, 2016,<br />
has been issued; however, the Company currently does not intend to adopt IFRS 14 as it applies the<br />
Prescribed Standards, not IFRS, and accounts for its regulatory accounts in accordance with ASC 980.
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